Long-duration contracts: Implementation issues

Webcast overview

KPMG professionals discuss survey results of insurance entities issuing long-duration contracts and operational considerations of implementing ASU 2018-12, Long-duration contracts.


ASU 2018-12

  • Insurance entities within the scope of ASC 944 that issue long-duration contracts
  • Not applicable to policyholders of long-duration contracts
  • Not applicable to non-insurance entities


  • Results of surveys performed: Insurance entities implementing ASU 2018-12, Long-duration contracts
  • Business and operational challenges associated with implementation, including data, processes and internal controls

Featured speakers

Jennifer Austin

Jennifer Austin

Partner, Dept. of Professional Practice, KPMG US

Michael Lammons

Michael Lammons

Partner, Insurance Accounting Change Co-Leader, KPMG US

Laura Gray

Laura Gray

Principal, Advisory, Actuarial, KPMG US

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